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Oil & Gas
Petronas Hits Oil Offshore Indonesia
Malaysian energy giant Petronas has made an oil discovery at the Hidayah-1 exploration well, located within the North Madura II Production Sharing Contract, off
Oil & Gas
Israel and Egypt Discuss Natural Gas Pipeline Link
Egypt and Israel said they may build an undersea natural-gas pipeline connecting the two countries, as they seek to collaborate on exporting the fuel to Europe.
Oil & Gas
Equinor Makes Oil Discovery Near Norway's Troll Field
Equinor said in a separate statement that the reservoir is expected to contain between 44 million and 69 million barrels of oil equivalent
Policy & Regulation
Military Seizes Power in Resource-Rich Burma
The elected leaders of Myanmar have been arrested by the military, sending the resource-rich southeast Asian nation into a fresh political crisis.
Energy Economy
Petrobras Inks Deals for Sale of Shallow-Water Fields
Brazilian oil and gas giant Petrobras is selling its whole interest in two shallow-water fields located in the Espírito Santo Basin offshore Brazil.
Oil & Gas
Chevron Pipeline Project Joins Egypt & Israel
With its aim to develop Israel’s natural gas fields, Chevron Corporation together with other energy companies is planning to make an investment of approximatel
Video
Video: Tarim Oilfield Supplies over 270 bln Cubic Meters Gas to East China
Tarim Oilfield in Xinjiang, NW China, has supplied over 270 billion cubic meters of natural gas to 15 provinces and regions via the country's West-to-East gas p
Oil & Gas
Russia’s Gazprom and LUKOIL Mull JV for Developing Fields in Nenets Area
The Vaneyvisskoye and Layavozhskoye fields have the aggregate recoverable reserves of 27.4 million tons of liquid hydrocarbons and 225.3 bcm of natural gas
Oil & Gas
Oil Major BP Significantly Downsizes Oil Exploration Division
As part of its ambition to reduce oil and gas production and raise investments in clean energy, BP has been cutting staffing levels at its oil and gas explorati
Oil & Gas
China Locates Oil and Gas Field in South China Sea
China has located an offshore oil and gas field in the South China Sea, according to the China National Offshore Oil Corporation on Monday.
Oil & Gas
Rystad: Oilfield Services Sector will Struggle to Repeat Former Glory Amid Energy Transition Push
the transition to cleaner energy technologies is accelerating and many suppliers will have to make existential changes to survive. Rystad Energy has evaluated w
Oil & Gas
Apex Makes Oil Discovery in Egypt
Apex International Energy announced a new oil discovery in Southeast Meleiha Concession, located in the Western Desert of Egypt.
Oil & Gas
Energean Approves Israel Gas Field Development
The Karish North field, which was discovered less than two years ago, is expected to start production in the second half of 2023, the company said in a statemen
Energy Economy
Venezuela Proposes Deals Allowing Private Companies to Operate Oil Fields
Neither company responded to requests for comment, and neither did PDVSA nor Venezuela's oil ministry
Oil & Gas
Iran Signs 8 more Oil Projects as Part of plan to Boost Output by 355,000 b/d
The National Iranian Oil Co. on Jan. 11 signed eight more oil projects as part of a $6.2 billion national program started in January 2019 to boost oil productio
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Beacon Fires up US Offshore Oil Project
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State Companies Plan to Extract 15 Cubic Meters of Gas and Two Million Tons of Oil This Year and Have Launched Seven New Gas Wells.
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Equinor Plans $2 Billion Breidablikk Oilfield Development
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Exxon, Equinor Invest $8 Billion In Developing Oilfield Off Brazil
